https://www.taxtmi.com/caselaws?id=416629 The Tribunal partly allowed the assessee's appeal by directing the disallowance of IPO expenditure as revenue expenditure under section 37, following precedents. The disallowance under section 14A was remitted for recalculation, with restrictions on indirect expenses. Additionally, the deduction for Education Cess was allowed based on legal precedent. The order was issued on December 24, 2021. en-us Fri, 24 Dec 2021 00:00:00 +0530 Sat, 01 Jan 2022 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416629 The Tribunal partly allowed the assessee's appeal by directing the disallowance of IPO expenditure as revenue expenditure under section 37, following precedents. The disallowance under section 14A was remitted for recalculation, with restrictions on indirect expenses. Additionally, the deduction for Education Cess was allowed based on legal precedent. The order was issued on December 24, 2021. Case-Laws Income Tax Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416629